Demand deposits include choose the correct alternative CBSE Economics class 12 2017

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Demand deposits include (choose the correct alternative) - CBSE Economics class 12 2017

(a) Saving account deposits and fixed deposits
(b) Saving account deposits and current account deposits
(c) Current account deposits and fixed deposits
(d) All types of deposits
(-Appeared in CBSE economics class 12, 2017, All India, Set 1 paper)


By:Aparna-Dasgupta

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The correct answer is option (b). Demand deposits include savings and current account deposits because demand deposits are not for any specific period of time. They can be withdrawn as and when required.  These deposits are chequable deposits. 

milan-ransingh

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